Wednesday, October 08, 2008

The Stock Market is a Young Man's Game

The mutual funds in my 401k, since July 1 of this year, are currently earning from -50% to -77% on an annualized basis (according to me and my HP12c calculator, so YMMV). Fortunately the bonds are earning -25%.

On the other hand, I'm certainly buying a lot of shares compared with this time last year.

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